Moody’s affirms IndusInd Bank's ratings, upgrades baseline credit assessment with stable outlook

“Today's rating action reflects IndusInd's improved financial metrics and our view that India's strong operating environment will continue to support the bank's credit fundamentals over the next 12-18 months,” the agency said. “IndusInd's profitability has improved, supported by lower credit costs and stable net interest margin, while its asset quality is stable and its strong capital remains a key credit strength.”